Bank nifty and Nifty futures has been trading higher for almost 1.5 years. This all started back in the month of September 2013 when Shri Narendra Modi was declared as PM candidate of BJP. After registering a massive win by BJP in general election we saw lots of bulls joining the stocks and moving it northward. We are expecting this uptrend to continue until the government is pushing in the ... [Continue Reading]
State Bank of India is Trending Down: Short term Trading Strategy, Short Sell SBIN for Target 1818
State Bank of India Ltd. is largest nationalized bank in India, having more than 26,500 branches across the country and about 137 branches abroad, also it has more than 25,000 ATMs, however SBI Group has more than 45,000 ATMs. So we can see how big this bank is, it has more than 200,000 employees. State bank of India was listed on NSE on 1 March 1995 and after the listing the company has given ... [Continue Reading]
Short SBIN for Intraday Trading: Sell State Bank Of India Near 1900 Target 1870
Intraday trading setup found on state bank of India SBIN charts, Stock has been facing resistance near 1900 level which is 61.8% Fibonacci retracement level. Also another confirmations for this short position is Bank Nifty is also trading near resistance of 9200 level, even there we may see correction of about 300 points. Today Nifty future is trading at psychological level of 5000, some profit ... [Continue Reading]
How is SBIN Stock for Intraday Trading Today: Short Sell State Bank Of India at 1885 for Target 1858
How is State bank of India Stock today:Yesterday SBIN has made a new 52 week low at 1855 level, so we bearish in this banking stocks for short term as we believe the near term is more likely to be bearish in this stock for short term view and we would suggest intraday traders to short this stock near 1885 level for intraday targets as 1870 and then 1855 levels, as some strong selling is expected ... [Continue Reading]